Luxembourg: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Luxembourg

In 2021, the Luxembourg market for liquid or compressed air and distilled or conductivity water decreased by -17.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Luxembourg

In 2021, approx. X tons of liquid or compressed air and distilled or conductivity water were exported from Luxembourg; with a decrease of -51.9% compared with 2020 figures. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, liquid air and distilled water exports fell slightly to $X in 2021. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 240% against the previous year. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

Germany (X tons) was the main destination for liquid air and distilled water exports from Luxembourg, with a 95% share of total exports. Moreover, liquid air and distilled water exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +135.2%.

In value terms, Germany ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from Luxembourg, comprising 88% of total exports. The second position in the ranking was taken by Belgium ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +170.7%.

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, jumping by 103% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 407% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Luxembourg

In 2021, approx. X tons of liquid or compressed air and distilled or conductivity water were imported into Luxembourg; waning by -42.5% compared with the year before. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 214%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid air and distilled water imports declined slightly to $X in 2021. Overall, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 316% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of liquid air and distilled water imports to Luxembourg, together accounting for 96% of total imports. The United States lagged somewhat behind, comprising a further 2.9%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +55.4%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Luxembourg, comprising 63% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +80.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.2% per year) and Germany (+3.9% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, increasing by 72% against the previous year. Over the period under review, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :